Macroeconomics and Monetary theoryTransaction Publishers - Počet stran: 214 |
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actual adjustment aggregate amount analysis approach assets assumed assumption banks behaviour bonds capital stock cash central bank changes Chapter constant consumption cost countries curve demand for money depends deposits derived desired determined developed Economic effect elasticity equal equations equilibrium excess exchange expected expenditure fall fixed Friedman full employment function future given gives growth held Hence higher holding implies important income increase individual inflation influence interest rate investment involves Keynes Keynesian labour less liquidity loans lower marginal measured monetary monetary theory money supply output payments period position possible preference present price level problem production proportion quantity quantity of money quantity theory raised rate of interest ratio real balances reduce relation relationship relative reserves result rise savings shift short stability standard theory transactions unit utility variables wage wealth yield